CBI Says Unconcerned About Forex Demand

October 3, 2021
banking

T he Central Bank of Iran says it has plans to further increase the repatriation of foreign currency by exporters, noting that it is not too concerned about meeting forex demand.

'The integrated forex market is capable of meeting the demand for currency under normal conditions, including the demand for cash.

Besides, the CBI is ready to intervene in the market and control rates when demand grows abruptly,' Shiva Ravashi, the CBI director of foreign exchange operations and commitments was quoted as saying by the bank's website.

financialtribune



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